Construction Workers' Union
Opposes Holzmann Rescue Plan

BERLIN -- Union officials are balking at the restructuring plan for Philipp Holzmann AG, which could impede the rescue of the German construction firm that barely escaped bankruptcy last week.

Klaus Wiesehuegel, the president of the construction industry union IG Bau, said in a German newspaper interview Thursday that the concessions made by Holzmann's workers -- a 6% wage decrease and adding four hours to their work week -- violate sector-wide employment agreements.